Waverton Investment Management Ltd Has $1.95 Million Position in NVIDIA Corporation (NASDAQ:NVDA)

Waverton Investment Management Ltd reduced its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 11.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,940 shares of the computer hardware maker’s stock after selling 2,314 shares during the period. Waverton Investment Management Ltd’s holdings in NVIDIA were worth $1,951,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tacita Capital Inc acquired a new position in shares of NVIDIA during the 4th quarter worth about $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the 4th quarter worth about $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA during the 4th quarter worth about $50,000. LSV Asset Management acquired a new position in shares of NVIDIA during the 4th quarter worth about $54,000. Finally, Bruce G. Allen Investments LLC increased its stake in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after purchasing an additional 327 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NVDA shares. Jefferies Financial Group boosted their price objective on shares of NVIDIA from $185.00 to $200.00 in a research note on Wednesday. Benchmark reaffirmed a “buy” rating and set a $190.00 target price on shares of NVIDIA in a report on Thursday, May 29th. The Goldman Sachs Group initiated coverage on shares of NVIDIA in a report on Thursday, July 10th. They set a “buy” rating and a $185.00 target price for the company. Rosenblatt Securities lifted their target price on shares of NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. Finally, Phillip Securities raised shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $181.22.

Insider Buying and Selling at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of the firm’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares of the company’s stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares of the company’s stock, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,964,800 shares of company stock worth $734,906,003 over the last ninety days. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $172.41 on Friday. The firm has a market capitalization of $4.21 trillion, a price-to-earnings ratio of 55.62, a P/E/G ratio of 1.52 and a beta of 2.13. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The firm’s 50 day simple moving average is $146.99 and its 200 day simple moving average is $129.86. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $174.25.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. As a group, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA’s payout ratio is currently 1.29%.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.